GBPUSD (1.2813): Price action in GBPUSD has remained flat with prices trading firmly near the support area of 1.2808. This consolidation is likely to continue in the near term with the risk of a break down below this level. The lower support at 1.2683 will be the likely next target to the downside. To the upside, as long as the support at 1.2808 holds, GBPUSD could be attempting to push to the upside. This could expose the previously established resistance level near 1.3086 as the upside target in price.
